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In the B-zone, anything can happen, but many retail investors don’t notice a hidden danger: the whale trap. This is a trick used by wealthy individuals (or “whales”) to trick unsuspecting traders. Let’s take a look at how this trick works and how you can avoid it.
🐋 What is a whale trap?
Whales are big guys or groups who are rich enough to move the price of cryptocurrencies at will. They can stir the market alone and take advantage of the psychological weaknesses of retail investors. The general routine of the whale trap is as follows:
Bait: Price surge 🎣
Whales began to buy in large quantities, and the price rose rapidly. This upward trend looked like a bull market, and retail investors followed suit for fear of missing out on the opportunity to make money. Small investors rushed in, thinking that the price would continue to rise, and they were excited.
The pitfall: Price crash
When retail investors are almost hooked, whales suddenly sell. This wave of selling pressure is so great that the price drops sharply, and retail investors have no time to react. Once the price collapses, panic sets in, and retail investors can only hold on to their high-priced tokens and stare blankly.
Whales make money: Steady and secure
Retail investors were scared and sold quickly, and whales quietly bought back their tokens at a low price. They got the difference, but small investors suffered a huge loss.
🧠 Why the whale trap works
The whale trap relies on human emotions. Whales use the "FOMO" psychology to make the market look extremely hot. Once retail investors are lured in, the market will catch them off guard and cause them to suffer heavy losses. Whales make money by trading on emotions.
🔥 How to detect whale traps in advance
If you want to avoid being scammed, you must first learn to see the signs. Here are some things to watch out for:
• Sudden price surges: If prices suddenly surge for no apparent reason, beware. Whales often do this to create FOMO.
• Poor liquidity: Whale traps often occur in markets with poor liquidity, and a large order can cause a huge change in price.
• Volume is not right: If the volume suddenly increases without any real demand, it may be the work of whales. When you see this kind of volume pattern, you need to be more careful.
💡 How to protect yourself
Don't be impulsive: Don't let your emotions get the better of you. Before you act, analyze the situation calmly.
Do it yourself (DYOR): Understand the basics of the coin you want to trade. Don’t follow the crowd.
Set a stop loss: Protect your money with a stop loss order. It can help you limit your losses if the market changes.
🚀 How to beat a whale
As the cryptocurrency industry grows, whale traps may continue to be a common method of market manipulation. But as long as you are aware of them, you can avoid these traps and even beat the whales in their game. Stay vigilant, trade wisely, and don't let the big money swallow your investment!
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